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a. Depreciation on the companys equipment for the year is computed to be $18,000. b. The Prepaid Insurance account had a $6.
Depreciation on the companys equipment for the year is computed to be $18,000. 2 The Prepaid Insurance account had a $6,000
4 Two-thirds of the work related to $15,000 of cash received in advance was performed this period. 5 The Prepaid Rent account
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Credit Transaction General Journal (a) Depreciation Expense Accumulated Depreciation - Equipment Debit $18,000 $18,000 (b) $

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